The global leading engineering, procurement and construction (EPC) service provider Wison Engineering Services Co. Ltd. ("Wison Engineering") (2236.HK) is pleased to announce that its wholly-owned subsidiary Wison Engineering Ltd. (Saudi Branch) has signed an EPC contract, approximately USD 150M, with Saudi Basic Industries Corporation (SABIC) for a Utilities Park & Pilot Plants project.
The park and plants project is part of the ongoing SABIC Technology Center ("STC") expansion plan in Jubail, marking SABIC’s biggest investment in innovation, globally. Once the expansion plan completed, the fully integrated complex will be the biggest of SABIC’s 21 global technology and innovation centers spread across different regions.
The signing of the contract demonstrates the recognition of international clients to implement EPC projects in petrochemical sector and enhances Wison Engineering’s reputation among the suppliers of project owners, laying a foundation to fight for projects with larger scales in the future.